Talking head
It's very natural to lose your nerve at a time when stock investors are running for cover.
But ace investor Rakesh Jhunjhunwala belongs to a different tribe, who seems to have other plans. It's business as usual for Jhunjhunwala, who is a classic example of how to keep a cool head in times of selloff.
But ace investor Rakesh Jhunjhunwala belongs to a different tribe, who seems to have other plans. It's business as usual for Jhunjhunwala, who is a classic example of how to keep a cool head in times of selloff.
The reverse pitch
Consider this. There are 27 stocks where Jhunjhunwala and his better half Rekha Jhunjhunwala held more than 1 per cent stake at the end of the September quarter. All barring MCX have been in the red since July 1. Some of his portfolio stocks have cracked up to 70 per cent since July 1 amid worries over India’s shadow banking crisis and geopolitical concerns involving Saudi Arabia, Italy and Brexit. Still, the Big Bull stood his ground and is busy picking low-hanging fruits!
DHFL: Keeping faith
Dewan Housing Finance is the worst-hit stock in his portfolio during the quarter. But guess what? Jhunjhunwala accumulated more shares of Dewan Housing Finance! His holding in the housing finance firm went up by 39 bps to 3.19 per cent at the end of the September quarter, from 2.8 per cent at the end of the June quarter.
It has been a steady innings
Jhunjhunwala has been holding the DHFL stock at least since 2013, data available with Ace Equity shows. The benchmark Sensex, which climbed 6.16 per cent and 2.76 per cent in July and August, slipped 6.25 per cent in September after a debt default by the IL&FS group triggered fears of a liquidity crisis.
There are more...
TV18 Broadcast is one for sure. The renowned investor bought an additional 62.5 lakh shares, or 0.4 per cent stake, in TV18 Broadcast, raising his holding to 3 per cent from 2.6 per cent in April-June. This scrip has fallen 31 per cent since July 1.
Jhunjhunwala also purchased 5 lakh shares in Jubilant Life Sciences during the quarter, upping his stake to 1.6 per cent from 1.3 per cent. In Escorts, he bought 42,368 shares, taking his holding to 8.2 per cent from 8.1 per cent.
In SpiceJet, he held 1.3 per cent stake at the end of the September quarter. He last held 1.9 per cent stake in the aviation stock at the end of June quarter of 2014.
Besides, he held 2.4 per cent stake in Fortis Healthcare at the end of September quarter. It was at 1 per cent in the December quarter of 2016, when he last figured among shareholders holding 1 per cent stake or more stake in the company.
Jhunjhunwala also purchased 5 lakh shares in Jubilant Life Sciences during the quarter, upping his stake to 1.6 per cent from 1.3 per cent. In Escorts, he bought 42,368 shares, taking his holding to 8.2 per cent from 8.1 per cent.
In SpiceJet, he held 1.3 per cent stake at the end of the September quarter. He last held 1.9 per cent stake in the aviation stock at the end of June quarter of 2014.
Besides, he held 2.4 per cent stake in Fortis Healthcare at the end of September quarter. It was at 1 per cent in the December quarter of 2016, when he last figured among shareholders holding 1 per cent stake or more stake in the company.
Watch your step
The Big Bull kept his holdings intact in Titan, his biggest known investment in stocks. But he scaled it down in Jaiprakash Associates to 1.1 per cent, from 2.1 per cent.
Rallis India and Lupin are where he sold 7 lakh and 5 lakh shares, respectively. Jhunjhunwala had 3.22 per cent stake in Anant Raj at the end of June quarter. His name was missing in the September quarter shareholding pattern.
Rallis India and Lupin are where he sold 7 lakh and 5 lakh shares, respectively. Jhunjhunwala had 3.22 per cent stake in Anant Raj at the end of June quarter. His name was missing in the September quarter shareholding pattern.
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